Fitbit Reports $587M Q216 Revenue, $0.03 GAAP EPS/$0.12 Non-GAAP EPS, and Confirms Revenue and Profit Guidance for FY16
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Mizuho Securities Reiterates Buy on Fitbit (FIT) Following Solid 2Q Results
August 3, 2016 7:19 AM EDTMizuho Securities reiterated a Buy rating and $20.00 price target on Fitbit (NYSE: FIT) following the company's 2Q earnings report. FIT reported OpEPS of $0.12, slightly above the Streets $0.11 estimate. Sales grew 46.5% driven by 28% increase in devices sold to 5.7mm. FIT reiterated FY16 sales... More
Fitbit (FIT) Tops Q2 EPS by 1c, Affirms FY Guidance
August 2, 2016 4:06 PM EDTFitbit (NYSE: FIT) reported Q2 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $586.5 million versus the consensus estimate of $578.48 million.
Outlook and Guidance
Fitbits outlook for the third quarter of 2016 is as... More
